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TechnipFMC Secures Major iEPCI Contract for BP's Tiber Field
ZACKS· 2026-01-06 17:25
Key Takeaways TechnipFMC won a large iEPCI contract from BP for the ultra-high-pressure Tiber deepwater project.The Tiber award builds on TechnipFMC's prior Kaskida work, using designs to cut complexity.Valued at $600-$800M, the contract boosts TechnipFMC's order intake and deepwater position.TechnipFMC plc (FTI) has secured a large integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from BP p.l.c. (BP) for the Tiber project, marking another step forward in ultra-high-pressur ...